A:

All of the companies traded on the Nasdaq have four-lettered tickers, which are representative of the actual company. For example, the ticker symbol for Nasdaq-traded Microsoft is MSFT. However, in some cases, a ticker symbol on the Nasdaq will have five letters where the fifth letter is an identifier symbol that tells market participants something about the company. Below is a list of all of the fifth-letter identifiers on the Nasdaq:

A- Class A Shares
B- Class B Shares
C- Issuer Qualification Exception (the company is not meeting all listing requirements but can remain on the exchange for the time being)
D- New Issue
E- Delinquent (in regard to SEC filings)
F- Foreign Issue
G- First Convertible Bond
H- Second Convertible Bond
I- Third Convertible Bond
J- Voting
K- Non-voting
M- Fourth Preferred Issue
N- Third Preferred Issue
O- Second Preferred Issue
P- First Preferred Issue
Q- Bankruptcy
R- Rights Issue
S- Shares of Beneficial Interest
T- Securities with warrants or rights
U- Units
V- When issued or when distributed (shares that are set to split or have another similar pending corporate actions)
W- Warrants
Y- American Depository Receipt
Z or L - Miscellaneous Situation (research is required to investigate the exact reason for the identifier being attached)

For more reading on this subject, see Understanding The Ticker Tape and The ABCs Of Stock Indexes.

RELATED FAQS
  1. Why did my stock's ticker symbol change?

    When a ticker symbol changes it's usually not a good sign. Tickers of publicly traded companies generally only change for ... Read Answer >>
  2. Why do all mutual fund tickers have an X at the end?

    It's true that all mutual funds' tickers have an X at the end of their symbol. The reason for this is to distinguish between ... Read Answer >>
  3. Do hedge funds have ticker symbols?

    Discover whether or not hedge funds have ticker symbols, where you can find ticker symbols and the significance of a ticker ... Read Answer >>
  4. What do all of the letters in a stock option ticker symbol mean?

    The option ticker explains four main things about the option: the underlying stock, whether it is a call or a put option, ... Read Answer >>
  5. Why do some stock symbols have three letters while others have four? What is the ...

    Stocks found on the New York and American Stock Exchange will normally have symbols with three letters or fewer. On the other ... Read Answer >>
  6. What is a stock ticker?

    A stock ticker is a report of the price for certain securities, updated continuously throughout the trading session by the ... Read Answer >>
Related Articles
  1. Trading

    Keeping Securities Clear With Ticker Symbols

    A ticker symbol is a group of characters that represent a specific, publicly traded security that’s listed on an exchange.
  2. Investing

    Translating Ticker Talk

    Stock tickers can say a lot about a company in just a few letters. Find out how to read them.
  3. Investing

    Understanding The Ticker Tape

    We explain the meaning and use of that reel of symbols whizzing across your TV or computer screen.
  4. Insights

    Understanding NASDAQ

    NASDAQ is an acronym that stands for the National Association of Securities Dealers Automated Quotation system.
  5. Trading

    Understanding The 2010 Options Symbology

    There is a wealth of information in the expanded option symbols, but they should make things easier for traders.
  6. Managing Wealth

    What You Need To Know About Preferred Stock

    Curious about preferred shares? Here's what you should know about these bond-like instruments.
  7. Insights

    How Nasdaq Makes Money

    NASDAQ provides a marketplace which offers money-making opportunities to investors. Investopedia explains how NASDAQ makes money.
  8. Investing

    NYSE Glitch Halts Trading in 199 Tickers (ICE)

    A technical glitch described as a "critical issue" has halted trading in 199 tickers on the New York Stock Exchange.
  9. Investing

    Convertible Bonds: Pros And Cons For Companies And Investors

    Find out why businesses choose this type of financing and what effect this has on investors.
RELATED TERMS
  1. Ticker Symbol

    An arrangement of characters (usually letters) representing a ...
  2. R

    1. An occasional fifth letter in a Nasdaq-traded company's ticker ...
  3. Z

    A Nasdaq stock symbol specifying that the stock is a miscellaneous ...
  4. Fifth-Letter Identifier

    An additional letter added onto four-letter ticker symbols to ...
  5. P

    A symbol that, when used as the fifth letter in a ticker symbol, ...
  6. L

    The fifth character added to a stock symbol listed on the Nasdaq ...
Hot Definitions
  1. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  2. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  3. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  4. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  5. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
  6. Job Market

    A market in which employers search for employees and employees search for jobs. The job market is not a physical place as ...
Trading Center